Answer:
total strength of the student = 1.24876
Explanation:
individual spend by student is 2,760 pound
total spending = 50.45 million
therefore total student strength is
[tex]\frac{50,450,000}{2,760} = 18,279[/tex]
here this total strength f student act as multiplier.To get total impact multiplier which is constant value is multiplied by total spending..
in the question, total Impact is greater than total spending. Thus:
[tex]\textup{Total spendings}\times \textup{Multiplier} =\textup{Total impact on the economy}[/tex]
[tex]$50.45\times {Multiplier} =$63million[/tex]
[tex]Multiplier =\frac{63}{50.45} = 1.24876[/tex]
total strength of the student = 1.24876
